Is XRP ‘way overvalued’ to buy right now?
XRP’s market cap is 2,200 times greater than its total value locked on XRPL, signaling heavy upside speculation among traders.
XRP bearish divergence hints at 25% correction
From a technical standpoint, XRP’s recent rally shows signs of slowing momentum.
A growing bearish divergence between its price and the relative strength index (RSI) suggests that buying pressure is weakening even as prices push higher, a setup that has historically preceded corrections.
XRP could face an initial pullback toward its 20-2W exponential moving average (20-2W EMA; purple wave) near $2.32 by September, down over 25% from current prices.
